Ceragon Networks (CRNT) Set to Announce Quarterly Earnings on Wednesday

Ceragon Networks (NASDAQ:CRNT - Get Free Report) will announce its earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported $0.10 EPS for the quarter. The business had revenue of $96.09 million for the quarter. Ceragon Networks had a return on equity of 13.94% and a net margin of 2.87%. On average, analysts expect Ceragon Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ceragon Networks Trading Down 2.9 %

Ceragon Networks stock traded down $0.07 during trading hours on Wednesday, reaching $2.38. 701,303 shares of the company were exchanged, compared to its average volume of 436,326. Ceragon Networks has a 12 month low of $1.62 and a 12 month high of $3.38. The stock has a 50-day moving average of $2.65 and a 200 day moving average of $2.67. The firm has a market cap of $203.30 million, a price-to-earnings ratio of 20.42 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRNT. Roth Capital raised shares of Ceragon Networks to a "strong-buy" rating in a report on Monday, October 28th. Roth Mkm began coverage on shares of Ceragon Networks in a research note on Monday, October 28th. They set a "buy" rating and a $4.50 price objective on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $5.25 price target on shares of Ceragon Networks in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Strong Buy" and an average target price of $4.88.

Ceragon Networks Company Profile

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.